Inditex (BME:ITX) received a €36.00 ($44.44) price objective from investment analysts at Goldman Sachs in a report issued on Friday, February 23rd. The brokerage presently has a “buy” rating on the stock. Goldman Sachs’ price objective would suggest a potential upside of 39.75% from the company’s current price.
ITX has been the topic of several other reports. Berenberg Bank set a €24.00 ($29.63) target price on Inditex and gave the company a “sell” rating in a research note on Friday, November 17th. JPMorgan Chase & Co. set a €35.50 ($43.83) target price on Inditex and gave the company a “buy” rating in a research note on Friday, February 23rd. Deutsche Bank set a €32.50 ($40.12) target price on Inditex and gave the company a “buy” rating in a research note on Monday, February 12th. UBS set a €35.00 ($43.21) target price on Inditex and gave the company a “buy” rating in a research note on Thursday, December 14th. Finally, Royal Bank of Canada set a €34.00 ($41.98) price objective on Inditex and gave the company a “buy” rating in a research note on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the stock. Inditex currently has an average rating of “Buy” and an average target price of €32.55 ($40.19).
Inditex (BME:ITX) traded up €0.31 ($0.38) during mid-day trading on Friday, reaching €25.76 ($31.80). The company’s stock had a trading volume of 6,460,000 shares, compared to its average volume of 4,960,000. The stock has a market capitalization of $80,280.00 and a PE ratio of 24.30. Inditex has a twelve month low of €23.00 ($28.40) and a twelve month high of €36.90 ($45.56).
Industria de Diseno Textil SA, known as Inditex SA, is a Spain-based company primarily engaged in the textile industry. The Company’s activities include the design, confection, manufacturing, distribution and retail of men, women and children apparel, footwear and fashion accessories, as well as home furnishings and household textile products.
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